BSE: 0 | NSE: SPCL | Electric Equipment | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shivalic Power Control Ltd is a below average quality company.
The key valuation ratios of Shivalic Power Control Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shivalic Power Control Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 10.3% | 10% | 26.8% | 30.7% | - |
| Value Creation Index ⓘ | -0.3 | -0.3 | 0.9 | 1.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 52.2 | 57.3 | 82.2 | 102 | 102 |
| Sales YoY Gr. | - | 9.8% | 43.3% | 24.4% | - |
| Adj EPS ⓘ | 0.4 | 1 | 4.2 | 6.3 | 4.7 |
| YoY Gr. | - | 161.5% | 314.7% | 49.4% | - |
| BVPS (₹) ⓘ | 8.3 | 9.3 | 13.7 | 22.5 | 43.2 |
| Adj Net Profit ⓘ | 0.7 | 1.8 | 7.2 | 11.2 | 11 |
| Cash Flow from Ops. ⓘ | -1.3 | 3.7 | 4.3 | -8.3 | - |
| Debt/CF from Ops. ⓘ | -18.9 | 7.3 | 5.5 | -3.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 25.1% | 24.4% | ||||
| Adj EPS ⓘ | NA | NA | 153.1% | 49.4% | ||||
| BVPSⓘ | NA | NA | 39.6% | 64% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.3 | 10.6 | 34.3 | 33.8 | 14.2 |
| Op. Profit Mgn % ⓘ | 9.6 | 8.8 | 15.6 | 19 | NAN |
| Net Profit Mgn % ⓘ | 1.3 | 3.1 | 8.8 | 10.9 | 11 |
| Debt to Equity ⓘ | 1.7 | 1.7 | 1 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 219 | 172 | 196 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 159 | 133 | 155 | 0 |
Sales growth is growing at healthy rate in last 3 years 25.08%
Net Profit is growing at healthy rate in last 3 years 153.06%
Debt to equity has declined versus last 3 years average to 0.80
Return on Equity has declined versus last 3 years average to 14.20%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.7 | - |
| TTM Sales (₹ Cr.) | 102 | - |
| BVPS (₹.) ⓘ | 43.2 | - |
| Reserves (₹ Cr.) ⓘ | 80 | - |
| P/BV ⓘ | 4.67 | - |
| PE ⓘ | 43.30 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 485 |
| Equity (₹ Cr.) | 24.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 89.8 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 52 | 57 | 82 | 102 |
| Operating Expenses ⓘ | 47 | 52 | 69 | 83 |
| Manufacturing Costs | 0 | 0 | 1 | 0 |
| Material Costs | 44 | 49 | 64 | 76 |
| Employee Cost | 2 | 2 | 2 | 4 |
| Other Costs ⓘ | 1 | 1 | 2 | 2 |
| Operating Profit ⓘ | 5 | 5 | 13 | 19 |
| Operating Profit Margin (%) | 9.6% | 8.8% | 15.5% | 19.0% |
| Other Income ⓘ | 0 | 0 | 1 | 0 |
| Interest ⓘ | 3 | 2 | 2 | 3 |
| Depreciation ⓘ | 1 | 1 | 1 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 2 | 10 | 15 |
| Tax ⓘ | 0 | 0 | 2 | 4 |
| Profit After Tax | 1 | 2 | 7 | 11 |
| PAT Margin (%) | 1.3% | 3.0% | 8.8% | 11.0% |
| Adjusted EPS (₹) | 0.4 | 1.0 | 4.2 | 6.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 16 | 17 | 25 | 41 | ||||||
| Share Capital ⓘ | 1 | 1 | 1 | 18 | ||||||
| Reserves ⓘ | 15 | 16 | 24 | 24 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 21 | 24 | 21 | 30 | ||||||
| Long Term Debt | 10 | 9 | 9 | 5 | ||||||
| Short Term Debt | 11 | 15 | 12 | 25 | ||||||
| Trade Payables | 7 | 10 | 4 | 10 | ||||||
| Others Liabilities ⓘ | 5 | 10 | 9 | 9 | ||||||
| Total Liabilities ⓘ | 49 | 61 | 58 | 90 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 26 | 29 | 29 | 31 | ||||||
| Accumulated Depreciation | 8 | 9 | 11 | 12 | ||||||
| Net Fixed Assetsⓘ | 18 | 19 | 18 | 19 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 26 | 24 | 25 | 32 | ||||||
| Trade Receivables | 4 | 13 | 13 | 35 | ||||||
| Cash Equivalents | 0 | 3 | 1 | 1 | ||||||
| Others Assetsⓘ | 1 | 1 | 1 | 4 | ||||||
| Total Assets ⓘ | 49 | 61 | 58 | 90 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -1 | 4 | 4 | -8 |
| PBT ⓘ | 1 | 2 | 10 | 15 |
| Adjustment ⓘ | 4 | 3 | 4 | 5 |
| Changes in Working Capital ⓘ | -5 | -1 | -8 | -23 |
| Tax Paid ⓘ | -1 | -1 | -1 | -5 |
| Cash Flow From Investing Activity ⓘ | -1 | -2 | 0 | -2 |
| Capex | -1 | -2 | 0 | -2 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 1 | 1 | -6 | 11 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 6 |
| Net Proceeds from Borrowing ⓘ | -9 | -1 | 0 | -4 |
| Interest Paid ⓘ | -2 | -2 | -2 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 13 | 4 | -3 | 12 |
| Net Cash Flow ⓘ | -1 | 3 | -2 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.76 | 11.66 | 36.69 | 35.51 | ||||||
| ROCE (%) | 10.25 | 9.99 | 26.78 | 30.67 | ||||||
| Asset Turnover Ratio | 1.07 | 1.05 | 1.38 | 1.37 | ||||||
| PAT to CFO Conversion(x) | -1 | 2 | 0.57 | -0.73 | Working Capital Days | |||||
| Receivable Days | 27 | 55 | 59 | 86 | ||||||
| Inventory Days | 180 | 160 | 110 | 101 | ||||||
| Payable Days | 55 | 61 | 38 | 35 | ||||||
Shivalic Power Control was originally incorporated on October 08, 2004 as a Private Limited Company as ‘Shivalic Power Control Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, N.C.T. of Delhi & Haryana. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extraordinary General Meeting held on December 06, 2023, the company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to ‘Shivalic Power Control Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on January 08, 2024 by the Registrar of Companies, Delhi.
Shivalic Power Control is an ISO-certified LT and HT electric panel manufacturer with an operating. It is a technology-driven company with a strong focus on quality, design and product development, which has allowed it to develop products suited to its customers’ requirements. its in-house manufacturing unit allowed it to manufacture a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Duct and LT & HT APFC Panels. it is authorised by industry leaders such as L&T, Siemens, Schneider Electric and TDK to manufacture fully type-tested panels as per IEC 61439 - 1&2 ,IEC 61641, IS1893 which it serves to more than 15 industrial Sectors in India as well as in outside India, viz, Nepal, Bangladesh, African countries such as Uganda, Kenya, Nigeria, Algeria..
The company has a dedicated team of engineers who are experts in designing and developing advanced designs which enable it to manufacture the Techno Modular Design - Fully Bolted Panels with Aluminium and Copper Bus Bar, which make it different from traditional welding panel manufacturers with a strong focus on the quality of the panel. It has advanced manufacturing facilities with automated controls to maintain quality and productivity, ensuring rigorous quality control and safety throughout its production process. It manufacturing facility is certified in accordance with international standards of quality management systems, environmental management systems, and occupational health and safety management systems as per ISO 9001:2015, ISO 14001:2015, ISO 45001:2018.
Business area of the company
Shivalic Power Control is engaged in the business of manufacturing of electrical panels. It is a technology-driven company with a strong focus on quality, design and product development, which has allowed it to develop products suited to its customers’ requirements.
Products of the company
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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